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Business News

Location American Business News for 22 June 2023
Separately, two former Wirecard employees were sentenced to jail in the city state this week.
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FC Barcelona Versus Real Madrid El Clasico Dates In 2023/2024 Revealed The dates for when FC Barcelona and Real Madrid will meet in El Clasico next season have been revealed after the La Liga draw was made in Spain early Wednesday afternoon.
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Titanic Sub: Physicist Calls For End To Titanic Tourism Researchers are racing against the clock to find the missing OceanGate submersible that lost contact with its mother ship on Sunday.
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TikTok operating chief V. Pappas stepping down after five years The move comes the same day that Zenia Mucha, previously a 20-year veteran at Walt Disney, will join TikTok as chief brand and communications officer.
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The Ugly Shoes Now Worth Billions of Dollars

Wall Street Journal - 22 Jun 2023 18:00
The Ugly Shoes Now Worth Billions of Dollars Hokas are the chunky sneakers of choice for runners. And nurses. And waiters. And teens. And grandpas. How did shoes that were huge, weird and French conquer America's hearts, wallets and feet?
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A cafe owner who served OceanGate workers and its CEO Stockton Rush says locals are 'disheartened' that the sub become an internet meme "There are a lot of jokes about them being millionaires, but they're also just people with families," Seas the Day Cafe owner Corie Reed said.
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The Missing Titanic Submarine: Reasonable Risks Versus Recklessness As someone who spent a career safely designing process equipment, the design of the missing Titanic submarine raised major red flags.
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Bosses' New Task Is Figuring Out Who's High at Work

Wall Street Journal - 22 Jun 2023 03:00
Bosses' New Task Is Figuring Out Who's High at Work With one in six American adults saying they smoke marijuana, companies change how they police use of the drug at work.
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The Price of First Gene Therapy for Muscular Dystrophy: $3.2 Million The drug, from Sarepta Therapeutics, promises to repair the defective gene at the root of the fatal disorder, but is expected to cost millions of dollars.
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Arsenal Is Creating A Match-Day Forum For Supporters Of Women's Team Arsenal will create a new formal space for supporters to raise issues specific to their women's team as WSL fans increasingly demand more accountability from their clubs.
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The Cure Shake Up Sets, Rein In Ticket Prices As North American Tour Continues Robert Smith pulls back the curtain on ticketing, reining in prices, as The Cure continue their first U.S. tour since 2016, performing for three hours on stage in Chicago
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OceanGate Believes Titan Sub Passengers Have 'Sadly Been Lost' Researchers feared the five passengers had run out of oxygen aboard the Titan submersible, as the frantic search effort entered its fifth day.
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Overstock Wins $21.5 Million Bid For Bed Bath And Beyond Name Bed Bath & Beyond will live on in name--and not much else--after Overstock.com won a bankruptcy auction for its brand and digital assets, according to court documents filed Thursday.
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From Planning to Allocation, Toolio Helps with All Merchandising Activities Toolio's merchandising platform is designed to automate critical workflows, provide real-time insights and enable remote collaboration, empowering retailers to make faster, data-driven decisions about their most importan...
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The Denver Nuggets Load Up On 2023 NBA Draft Picks, But How Will They Use Them? Nuggets GM Calvin Booth helped make Denver a champion. After trading into the first round, his next challenge in the 2023 NBA draft is keeping the Nuggets in contention.
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South Korean Crypto Yield Firm Haru Invest Fires More Than 100 Employees: Report Earlier this month, Haru Invest halted withdrawals and deposits.
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How Regulating AI Could Empower Bad Actors

Forbes - 22 Jun 2023 22:10
How Regulating AI Could Empower Bad Actors While it's easy to criticize Silicon Valley tech behemoths, hindering their development through regulation could mean handing the future of AI to very dangerous entities.
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Exploring Crypto Whale Concentration: Unveiling the Rich Lists of the Top 10 Cryptocurrencies In the past ten years, a myriad of digital currencies have emerged alongside bitcoin, forming a cryptocurrency ecosystem now worth $1.2 trillion. Within this realm, enigmatic figures known as crypto whales have played a ...
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Algorand Cuts Block Time After New Upgrade

Coin Desk - 22 Jun 2023 15:00
Algorand Cuts Block Time After New Upgrade The protocol upgrade includes several improvements intended to make application development faster and more cost-efficient.
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Daily Harvest's toxic year: How the $1 billion food startup's quest for a new ingredient sent customers to the ER The CEO speaks for the first time about the tara flour that sickened hundreds, led to lawsuits, and revealed big problems in U.S. food safety. The emails first came in a trickle, then an avalanche. Last summer, Rachel Dr...
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The GOP push to censure Adam Schiff may only help his Senate campaign in California Schiff's campaign has fundraised heavily off of the censure effort, and he thanked House Republicans in a defiant floor speech on Wednesday.
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Bitcoin Holdings in One Coinbase Custody Wallet Jumped by 2.5K After BlackRock ETF Filing Trading volumes have seen a marked increase on Coinbase since the filing for a spot bitcoin ETF.
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